LESAKA TECHNOLOGIES INC (LSAK) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 73.64% of current shares
Recent Dilution: 36.33% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
79M
Potential Supply
59M
Additional shares possible
Splits
None
Past 2 years

Summary

LSAK currently has 79.5M outstanding shares. with significant dilution risk as 58.5M authorized shares could dilute existing holders by 73.6%. The company has significantly diluted shareholders by 36.33% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 79.5M shares outstanding

79M 59M
Nov 05, 2025

10-Q filing | 84.1M shares outstanding

84M 54M
Sep 29, 2025

10-K filing | 83.7M shares outstanding

84M 54M
May 07, 2025

10-Q filing | 78.3M shares outstanding

78M 60M
Feb 05, 2025

10-Q filing | 77.0M shares outstanding

77M 61M
Nov 26, 2024

S-3 filing: Registration of 14,678,393 shares of common stock for resale by selling shareholders, originally issued in connection with the acquisition of Adumo RF (Pty) Ltd.

78M 60M
Nov 06, 2024

10-Q filing | 78.0M shares outstanding

78M 45M
Oct 02, 2024

8-K filing: Lesaka Technologies, Inc. issued 17,279,803 shares of common stock to the former equity holders of Adumo and Lesaka SA agreed to purchase 2,601,410 shares of Lesaka' common stock from Crossfin Holdings for ZAR 207,232,238. ($0.01M proceeds)

61M 62M
Sep 11, 2024

10-K filing | 61.3M shares outstanding

61M 62M
May 08, 2024

10-Q filing | 61.0M shares outstanding

61M 62M
May 07, 2024

8-K filing: Lesaka Technologies, Inc. entered into a Sale and Purchase Agreement to acquire all outstanding equity interests and certain claims in Adumo (RF) Proprietary Limited through a combination of 17,279,803 shares of Lesaka's common stock and a ZAR 232 million cash payment. ($73.48M proceeds)

61M 62M
Feb 06, 2024

10-Q filing | 61.0M shares outstanding

61M 62M
Dec 04, 2023

8-K filing: Ali Mazanderani was appointed Executive Chairman effective February 1, 2024, and received an option to purchase 500,000 shares of common stock at an exercise price of $3.50 per share, with vesting on the first anniversary of the grant date.

62M 61M
Nov 07, 2023

10-Q filing | 62.4M shares outstanding

62M 61M
Sep 12, 2023

10-K filing | 60.1M shares outstanding

60M 63M
May 09, 2023

10-Q filing | 61.5M shares outstanding

61M 62M
Mar 22, 2023

8-K filing: Lesaka Technologies, Inc. amended its loan agreements with FirstRand Bank Limited, including amendments to the Common Terms Agreement, Facility G Agreement, and Facility H Agreement, and also amended its Securities Purchase Agreement with Value Capital Partners Proprietary Limited extending the maturity date and incurring an additional commitment fee.

60M 63M
Feb 07, 2023

10-Q filing | 60.2M shares outstanding

60M 63M
Nov 08, 2022

10-Q filing | 59.3M shares outstanding

59M 64M
Sep 09, 2022

10-K filing | 57.2M shares outstanding

57M 66M
Sep 09, 2022

S-3 filing: Lesaka Technologies files an S-3 registration statement for the potential offer and sale of up to $350,000,000 in various securities, including common stock, preferred stock, debt securities, warrants, and units.

57M 67M
May 10, 2022

10-Q filing | 56.7M shares outstanding

57M 0
Feb 09, 2022

10-Q filing | 56.4M shares outstanding

56M 0
Nov 08, 2021

10-Q filing | 57.0M shares outstanding

57M 0
Nov 02, 2021

8-K filing: Net1, through its subsidiary Net1 SA, agreed to acquire all of the outstanding equity interests and certain claims in the Target Companies for ZAR 3,683,559,419, which includes common shares of Net1 to be issued on the first, second, and third anniversaries of the closing and awards to certain employees under which Net1 will grant 1,250,486 shares of restricted stock and 1,250,486 restricted stock units to the Management Beneficiaries.

57M 0
Sep 13, 2021

10-K filing | 56.6M shares outstanding

57M 0
May 06, 2021

10-Q filing | 56.6M shares outstanding

57M 0
Feb 04, 2021

10-Q filing | 56.6M shares outstanding

57M 0
Nov 05, 2020

10-Q filing | 56.6M shares outstanding

57M 0
Sep 10, 2020

10-K filing | 57.1M shares outstanding

57M 0
May 26, 2020

10-Q filing | 57.1M shares outstanding

57M 0
Feb 10, 2020

10-Q filing | 56.6M shares outstanding

57M 0
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